transformative economic impact

Language: en

📖 Definitions

  1. A significant and fundamental change in economic structures, systems, or outcomes resulting from a specific innovation, policy, or event, often characterized by substantial shifts in efficiency, market dynamics, or industrial capabilities.; An effect on an economy that alters its traditional trajectory, leading to new industries, business models, or widespread societal benefits that were previously unattainable.

💬 Examples

  1. This projection highlights the transformative economic impact of reusable heavy-lift launch vehicles.

  2. The committee analyzed the transformative economic impact of adopting renewable energy sources across the manufacturing sector.